Bertram Economic Development Corporation FY2023 filing

Not tax-deductible

Bertram, TX501(c)(4)Since 2002Community DevelopmentEIN 33-1019490Revenue $161K in FY2023

On file with the IRSbertramedc.comPo Box 1604, 78605-1604 · Bertram, TXTax-exempt since Aug 2019

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The organization was created by the city of Bertram, texas in order to fund the Economic Development projects within the city. These projects include quality of life improvements as well as projects intended to attract and retain primary employers for the city of Bertram.

73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $107K a year · 69% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
201 mo
of spending, in cash
Looks good: 201.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$161K
-7% vs prior year
Spent
$40K
To programs
73%
Net assets
$672K
By yearFY2020–FY2025
Revenue
$161K
FY2023▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$93K
FY2021$105K
FY2022$173K
FY2023$161K
FY2024$193K
FY2025$206K
Expenses
$40K
FY2023▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$62K
FY2021$13K
FY2022$33K
FY2023$40K
FY2024$59K
FY2025$83K
Net assets
$672K
FY2023▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$316K
FY2021$407K
FY2022$547K
FY2023$672K
FY2024$807K
FY2025$929K

From the FY2023 Form 990 (year ending September 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2014-02-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Aug 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $29K Management & general 27% · $11K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bertram Economic Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds economic development projects, improving quality of life and attracting employers.

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Provided by the organization

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3 programs · $29K · in their own filed words · FY2022
01

Downtown Decorations and Lighting

murals, lighting in the downtown area

$11Kprogram expense
02

wayfinding and street signs built and installed to drive traffic off Hwy 29 to the downtown district and local businesses.

$10Kprogram expense
03

Direct Business Incentives

partial matching grant for paving improvements

$8Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $117K · 2019–2024
Bertram Community CupboardFY2024$9,900
Individual RecipientFY2024$8,000
Bertram Library Thrift StoreFY2024$8,000
Individual RecipientFY2022$8,000
Individual RecipientFY2021$13,666
City of Bertram -Vaughn Street ProjFY2021$8,200
Individual RecipientFY2020$8,000
City of BertramFY2019$39,999
Individual RecipientFY2019$6,800
Individual RecipientFY2019$6,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$161K
Ln 12
Gifts and grantsLn 1h$152K
Investment incomeLn 3$10K
Money outPt IX
$40K
Ln 25
Programscol B$29K
Managementcol C$11K
Owns and owesPt X
$672K
net assets · Ln 32
Cash and savingsLn 1–2$672K
Total assetsLn 16$672K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$152K
Government grantsLn 1e$152K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$10K
Total revenueLn 12$161K
Assets in detailPt X, end of year
CashLn 1$166K
SavingsLn 2$506K
Cash and savings togetherLn 1–2$672K
Total assetsLn 16$672K
LiabilitiesLn 26$0
Net assetsLn 32$672K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$551K$672K
Total assetsLn 16$551K$672K
LiabilitiesLn 26$0$0
Net assetsLn 32$551K$672K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K$8K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$792$0$792$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$2K$0$2K$0
Advertising and promotionLn 12$5K$0$5K$0
Office expensesLn 13$34$0$34$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$990$0$990$0
Other expenses (24a–d)Ln 24$23K$21K$1K$0
Total functional expensesLn 25$40K$29K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $206K$83K$122K$929K 990 PDF
FY2024 $193K$59K$135K$807K 990 PDF
FY2023 Viewing $161K$40K$121K$672K 990 PDF
FY2022 $173K$33K$140K$547K 990 PDF
FY2021 $105K$13K$91K$407K 990 PDF
FY2020 $93K$62K$30K$316K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $161,471 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $121,282$151,735
I-9 Program service revenue$0
I-10 Investment incomePrior year $51,586$9,736
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $172,868$161,471
I-13 Grants and similar amounts paidPrior year $21,866$8,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $10,878$32,097
I-18 Total expensesPrior year $32,744$40,097
I-19 Revenue less expensesPrior year $140,124$121,374
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $161,471 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$151,735
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$151,735
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $9,736 · Excluded from tax $0$9,736
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $9,736 · Excluded from tax $0$161,471
Part IX · Statement of functional expenses $40,097 across 26 lines filed
IX-1 Grants to domestic organizationsPrograms $8,000$8,000
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $792 · Fundraising $0$792
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $2,479 · Fundraising $0$2,479
IX-12 Advertising and promotionPrograms $0 · Management $5,221 · Fundraising $0$5,221
IX-13 Office expensesPrograms $0 · Management $34 · Fundraising $0$34
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $990 · Fundraising $0$990
IX-24 Other expenses (24a–d)Programs $21,469 · Management $1,112 · Fundraising $0$22,581
IX-25 Total functional expensesPrograms $29,469 · Management $10,628 · Fundraising $0$40,097
Part X · Balance sheet $672,092 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $550,718$166,387
X-2 Savings and temporary cash investmentsStart of year $0$505,705
X-16 Total assetsStart of year $550,718$672,092
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $550,718$672,092
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $550,718$672,092
X-33 Total liabilities and net assetsStart of year $550,718$672,092
Part XI · Reconciliation of net assets $672,092 net assets at year end
XI-1 Total revenue$161,471
XI-2 Total expenses$40,097
XI-3 Revenue less expenses$121,374
XI-4 Net assets at start of year$550,718
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$672,092

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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